18 articles
Ithaca Energy warns it may halt UK investment unless the Rosebank oilfield is approved. The $3.8 billion project stalled due to activist opposition, leading the firm to consider Canadian assets instea
ECB policymaker Olli Rehn warns that prolonged Middle East conflict could sustain Eurozone inflation due to rising energy prices and potential Strait of Hormuz closures.
Shell Plc is seeking buyers for its US chemicals unit, with ExxonMobil among suitors in talks for assets valued at up to $8 billion, including a major polymer production complex.
Under new EU sanctions, Greece-based Dynagas may continue carrying Russian LNG with volumes capped at 2025 levels, while the oil price cap remains at $44.10 per barrel.
The International Energy Agency forecasts U.S. spending on coal and gas power plants will reach $50 billion this year, surpassing China for the first time in decades. This trend indicates a major shif
QatarEnergy aims to restore most LNG output within weeks after damage to two production trains and Strait of Hormuz closures. Restart depends on regional peace talks normalizing the strait.
Qatar’s Prime Minister announced that liquefied natural gas production will resume normally within weeks following a suspension due to regional conflict. He also highlighted the necessity of a U.S.-Ir
Diageo's new CEO Dave Lewis has initiated a restructuring plan to cut costs and headcount amid weak North American sales. An internal announcement regarding the scale of job losses is expected next we
UK pharmaceutical group GSK is in talks to acquire cancer biotech Nuvalent for over $9 billion, aiming to expand its product pipeline. The potential deal reflects a broader biopharma M&A frenzy projec
BP holds advanced talks to sell UK North Sea assets to Ithaca Energy for nearly £2 billion. As part of a broader restructuring, the company aims to divest $20 billion of assets by 2027.
The Trump administration has halted approvals for approximately 165 onshore wind projects citing national security concerns raised by the Pentagon, causing significant delays for developers since Augu
The European Union is reportedly reconsidering its long-standing opposition to new oil and gas drilling in the Arctic, potentially abandoning an international ban proposal since 2021, according to the
Private equity firm EQT has submitted a revised £9.7 billion takeover proposal for Intertek at 54 pounds per share, following the testing firm's recent plans to explore a business split.
Germany plans to privatize its seized Gazprom unit, Sefe, raising €1.5-2 billion to fund infrastructure expansion following Russia's 2022 invasion.
Repsol is set to regain operational control of its Venezuelan oil assets and boost production following a deal with the South American government, according to the Financial Times.
China reportedly ordered Maersk and MSC to cease operations at Panama's Balboa and Cristóbal ports citing commercial ethics concerns. Although Panama granted temporary concessions, the directive risks
BP's new CEO Meg O'Neill plans to restructure the company into two main business units, according to Financial Times reports. Reuters noted they could not independently verify the announcement.
Virgin Atlantic CEO warns persistent high jet fuel prices due to Middle East conflict hinder profitability despite surcharges. The airline holds six weeks of fuel supplies and is negotiating with gove
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